Yesterday delivered the initial stages of a potential downturn. The after-hours action, again, threw it into question after — you guessed it — more whispers of progress on the trade front.
Naturally, we also saw more algo-baiting nonsense in VIX, USDJPY and crude.
The record books will reflect that the market continues to hit new all-time highs. But, what about price discovery? Is it still a “market” when prices are manipulated so easily every single day?
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